UNITED OKLAHOMA BANK Failed 1987

What happened

UNITED OKLAHOMA BANK of OKLAHOMA CITY, OK was closed on 1987-03-17. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to UNITED BANK OF OKLAHOMA (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1389

FDIC Certificate

411

FDIC FIN

2662

Bank name

UNITED OKLAHOMA BANK

Location

OKLAHOMA CITY, OK

Failure date

1987-03-17

FDIC resolution date

1987-03-17

Charter type

State commercial bank, Federal Reserve member

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$40M

Deposits at failure

$122M

Assets at failure

$172M

Acquiring bank

UNITED BANK OF OKLAHOMA (OKLAHOMA CITY, OK)